RM100bil rise in Putrajaya’s debt within a year worrying, says PAC

[superadmin]

PETALING JAYA: The Public Accounts Committee (PAC) has expressed concern over the RM100 billion increase in the federal government’s debt in a span of a year.

PAC chairman Wong Kah Woh said the Auditor-General’s Report released today stated that Putrajaya’s debt stood at RM979.814 billion last year compared with RM879.56 billion in 2020.

In a statement, he pointed out that this meant that the ratio of the federal government’s debt to the gross domestic product (GDP) was now at 63.4%.
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According to Wong, the increase in federal debt had caused the government’s overall liability in 2021 to be at RM1.3 trillion, or 84% of GDP.

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